Sydney Metropolitan Transport District taxi licence transfers

* Under section 44 of the Passenger Transport Act 1990, a tax is charged on transfers of taxi licences, calculated at the rate of 2.5% of its current market value. For the purpose of calculating transfer tax in the Sydney Metropolitan Transport District, the current market value is calculated as the previous month's average taxi transfer price.

For Sydney Metropolitan taxi licence transfers in August 2017, this tax is calculated at $4,813.00.

Sydney Metropolitan Transport District

Date

Number of transfers

* Average transfer price ($)

Price of each transfer ($)

August-17

11

192,500

190,000190,000200,000200,000190,000190,000190,000190,0003 transferred between family members